We would like to place strictly necessary cookies and performance cookies on your computer to improve our website service.
To find out more about how we use cookies and how you can change your cookies settings, please read our  cookies statement.                
Otherwise, we'll assume you are OK to continue.   Please close this message

Dispelling the myths of ‘Rubik’

18 August 2014

The UK/Swiss Tax Cooperation Agreement (the TCA), or 'Rubik' agreement, was initially greeted with enthusiasm by Swiss banks, HMRC and UK resident account-holders alike.

However, this enthusiasm is gradually abating, and being replaced by confusion and disappointment. Account-holders, in particular, have good reason to feel let down, as many of the perceived virtues of the agreement have been shown to be illusory, or are being undermined by HMRC practice which, at least at first glance, seems contrary to the spirit of the agreement.

In this briefing we look at some of the myths which have sprung up around this agreement, and the realities of 'Rubik'. To read the full article click here.